Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023.
Chevron U.S.A. Inc., through its Chevron New Energies division, has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC
Vaquero Midstream is an independent, large-scale rich gas gathering and processing business that traverses the core of the Southern Delaware Basin buys facilities from Chevron
Chevrom generated revenues of $48.9 billion in Q2 2023. Chevron’s oil and gas production in the Permian Basin, the top U.S. shale field, hit 772,000 barrels a day.
ExxonMobil Corp. and Chevron Corp. are both on course to grow production from the Permian basin by 10% this year, more than double the rate of their smaller rivals.
Chevron has announced that it achieved record production levels in the shale-rich Permian Basin region during the second quarter.
Chevron is considering the sale of its oil and gas properties in Texas and New Mexico, which are estimated to be worth about $100 million.
Chevron Corp (CVX.N) said on Monday it would acquire PDC Energy Inc (PDCE.O) in an all-stock transaction for $7.6 billion
XTO Energy ranks #3 in wells drilled in 2022 with 333 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
Chevron U.S.A. ranks #12 in wells drilled in 2022 with 145 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
Chevron has raised its 2022 production forecast in the Permian Basin to between 700,000 and 750,000 barrels of oil-equivalent per day, a more than 15% year-over-year increase. The basin is a vast oil and gas region spanning parts of west Texas and southeastern New Mexico.
